NICE FY 2022 Earnings Report — NICE Ltd. Revenue & Financial Results | Market Cap Arena

FY 2022 Earnings

Reported March 30, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$2.2B	—	$1.9B	—	13.5%
Op. Income	$335M	—	$264M	—	27.0%
Gross Margin	68.7%	—	67.5%	—	1.2pp
Net Margin	12.2%	—	10.4%	—	1.8pp
EPS (Diluted)	$4.00	—	$2.98	—	34.2%
Free Cash Flow	$398M	—	$395M	—	0.8%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$684M
GROSS PROFIT	$1.5B
R&D Expenses	$306M
Selling & Marketing	$610M
General & Administrative	$247M
SG&A Expenses	$856M
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$1.8B
OPERATING INCOME	$335M
Interest Income	$18M
Interest Expense	$10M
Other Income/Expenses	$10M
INCOME BEFORE TAX	$345M
Income Tax Expense	$79M
Net Income from Continuing Ops	$266M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$266M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$266M
D&A	$177M
EBIT	$349M
EBITDA	$526M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$684M
GROSS PROFIT	$1.5B
R&D Expenses	$306M
Selling & Marketing	$610M
General & Administrative	$247M
SG&A Expenses	$856M
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$1.8B
OPERATING INCOME	$335M
Interest Income	$18M
Interest Expense	$10M
Other Income/Expenses	$10M
INCOME BEFORE TAX	$345M
Income Tax Expense	$79M
Net Income from Continuing Ops	$266M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$266M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$266M
D&A	$177M
EBIT	$349M
EBITDA	$526M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$266M
Depreciation & Amortization	$177M
Stock-Based Compensation	$183M
Deferred Income Tax	-$53M
Other Non-Cash Items	$14M
Change in Working Capital	-$107M
OPERATING CASH FLOW	$480M
Capital Expenditure	-$82M
Acquisitions (Net)	-$30M
Purchases of Investments	-$396M
Sales/Maturities of Investments	$356M
Other Investing Activities	-$50M
NET CASH FROM INVESTING	-$152M
Net Debt Issuance	-$20M
Common Stock Repurchased	-$145M
Common Dividends Paid	$0
Other Financing Activities	$577.0K
NET CASH FROM FINANCING	-$164M
FREE CASH FLOW	$398M
Net Change in Cash	$154M

Balance Sheet

Item	Amount
Cash & Equivalents	$530M
Short-Term Investments	$1.0B
Net Receivables	$519M
Inventory	$0
Other Current Assets	$231M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$262M
Goodwill	$1.6B
Intangible Assets	$210M
Long-Term Investments	$0
Tax Assets	$117M
Other Non-Current Assets	$231M
TOTAL NON-CURRENT ASSETS	$2.4B
TOTAL ASSETS	$4.9B
Account Payables	$56M
Short-Term Debt	$209M
Deferred Revenue	$339M
Other Current Liabilities	$14M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$455M
Deferred Revenue NC	$57M
Deferred Tax Liabilities	$7M
Other Non-Current Liabilities	$39M
TOTAL NON-CURRENT LIABILITIES	$658M
TOTAL LIABILITIES	$1.8B
Common Stock	$19M
Additional Paid-In Capital	$2.0B
Retained Earnings	$1.9B
Treasury Stock	-$743M
Accum. Other Comp. Income	-$111M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.0B
Minority Interest	$13M
TOTAL EQUITY	$3.1B
TOTAL LIABILITIES & EQUITY	$4.9B
Total Debt	$777M
Net Debt	$248M